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Hargreaves tells investors to sell after US terror attacks

Hargreaves Lansdown is advising investors to increase liquidity in their portfolios following the attacks on the US last week.

In a letter to clients, chief executive Peter Hargreaves predicts that a US recession is now almost certain, and advises clients to sell off poor performing investments to protect against any further market falls.

Hargreaves says: "Today, I believe that investors could sensibly pursue the strategy of increasing liquidity in their real portfolios. It doesn’t seem wrong to me today to sell poor performing investments, and look to real quality such as gilt edged stock or even hold cash pending a further possible shakeout in the aftermath of the World Trade Centre disaster."

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